comments

1.Too many it folks who dunno better way to put money in a good use. Wasteful demand == crazy supply2. Ca government keeps ruining the state with building and land restrictions. Look around, massive mess in LA, SF, here, everywhere they govern.

Damn, this is just a 5400 sqft lot ! Is the supply too less - why would a seller pay such high premium ?To compare, For this price (or even much lesser) I can get a 20000-30000+++ sqft grand house with pool in Short Hills, which is 30-40 mins train ride from NYC. One of the best school districts, and was I believe recently the 6th most expensive real estate area in the country